Question

Based upon past experience, Barry expects no overdrafts. He expects no 2nd copies of statements. Barry estimates that he will use network ATMs about 5 times a month with either bank. Barry decides in the end to choose EECU. Assuming that both banks provide the necessary services equally well, and based upon the tables of fees given above, how much can Barry reasonably expect to save annually by choosing EECU in this case over E-town bank?
a.
$72
b.
$78
c.
$144
d.
$24



Please select the best answer from the choices provided


A
B
C
D

Answer 1

A — $72.

Reason: 5 network ATM uses/month × 12 = 60 uses/year. The difference in ATM fees is $1.20 per use, so 60 × $1.20 = $72 saved annually by choosing EECU.